US VP Vance: Fed should cut rates

Political pressure on the Fed from the executive branch is notable because it reopens the debate over central bank independence, which markets watch closely as a signal of policy credibility. The timing—ahead of the next decision—could add noise to rate expectations, but without specifics on magnitude or timing, the statement's immediate market impact is likely limited. The key is whether such rhetoric escalates into broader efforts to influence monetary policy, which would be the real development to track.